Over the last year, property investments in Cammeray, 2062 have given investors a capital gain of -8.60%. This compares very badly with the 0.62% for NSW as a whole.
Over the longer term, Cammeray has seen property prices show investors a 1.19% return over the last 3 years. This is worse than over the last 12 months
In the last year 52 properties changed hands in Cammeray, which puts it as the 712th most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $1150 weekly from the median priced house in this suburb.
Property investors who have had real estate in Cammeray, 2062 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -8.68%
Over the longer term, Cammeray has seen property prices show investors a 22.44% return over the last 3 years. This is worse than over the last 12 months
Advertised rents are around the $637.5 mark per week – giving a return of 3.00% based on the median price in Suburb
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Units dominate the market
Median unit price: $1,058,750
Stock on market: 115.4%
12-month growth: 18.3%
A suburb with a premium location just 5km from the Sydney CBD, Cammeray is experiencing rising unit stock, as the number of apartments listed increased from only 6 to 20 over the past 12 months leading up to November 2017.
The suburb overlooks the water, and is well-stocked with sought-after amenities including restaurants, cafes and a couple of shopping hubs, namely Green Park and Stockland Cammeray. The latter is home to the Harris Farm Markets. There are also several schools here, including Cammeray Public School and Anzac Park Public School, both of which offer primary education. Cammeray Children’s Centre acts as preschool and a childcare centre.
Cammeray is highly accessible thanks in part to the Long Gully Bridge, which links to suburbs in the north.